Kinston Ecumenical Housing Corporation
- Assets
- $735.4k
- Revenue
- $335.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Kinston, NC
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 58-1600647
Organization Overview
Kinston Ecumenical Housing Corporation is located in Kinston, NC. The organization was established in 1985. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kinston Ecumenical Housing Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Kinston Ecumenical Housing Corporation generated $335.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $380.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING TO LOW-INCOME ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Grant President | OfficerTrustee | 0.25 | $0 |
Frostine Mcbride Secretary | OfficerTrustee | 0.25 | $0 |
Doug Stokes Vice President | OfficerTrustee | 0.25 | $0 |
Reginald Bradshaw Treasurer | OfficerTrustee | 0.25 | $0 |
Clarice Bryant Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $334,360 |
| Investment income | $307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $590 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,042 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,595 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,118 |
| Office expenses | $12,447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,170 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,847 |
| Insurance | $10,540 |
| All other expenses | $178,804 |
| Total functional expenses | $380,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,204 |
| Savings and temporary cash investments | $339,241 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $698 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,138 |
| Prepaid expenses and deferred charges | $11,180 |
| Net Land, buildings, and equipment | $335,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,315 |
| Total assets | $735,422 |
| Accounts payable and accrued expenses | $302,227 |
| Grants payable | $0 |
| Deferred revenue | $301 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $550,030 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,805 |
| Total liabilities | $880,363 |
| Net assets without donor restrictions | -$144,941 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $735,422 |
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|---|---|---|
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Home Building Association Of Richmond Richmond, VA | $4,565,404 | $1,552,331 |
Coalition For Housing Opportunities Inc Winchester, VA | $1,363,729 | $1,242,858 |
Southeastern Affordable Housing Management Association Inc Decatur, GA | $3,339,035 | $1,105,572 |
Georgia Affordable Housing Coalition Inc Atlanta, GA | $717,770 | $441,841 |
Kinston Ecumenical Housing Corporation Kinston, NC | $735,422 | $335,257 |
Our Place Nashville Nashville, TN | $263,748 | $400,032 |
Northern Virginia Affordable Housing Alliance Alexandria, VA | $100,356 | $231,820 |
A Lotta Love Inc Chapel Hill, NC | $175,104 | $0 |
Virginia Housing And Community Development Corporation Suffolk, VA | $398,875 | $0 |
Virginia Housing Coalition Inc Richmond, VA | $61,162 | $0 |
Citizens For Home Rule Inc Knoxville, TN | $108,564 | $13 |